iMing Corp.: Company prepares to enter the 9 billion Dollar Set-Top-Box / Web Tv Market in China
HONG KONG, Dec 03, 2012 (MARKETWIRE via COMTEX) --
iMing Corp. (OTC: IMNG) is pleased to provide an update on its
recent Corporate developments.
Recently the Company changed its name from China Career Builder
Corp. to iMing
Corp., to better reflect changes in its core
business as the Company prepares
itself to be a major participant
in the growing Internet TV Technology (Web TV) and Set-Top Boxes
(STB) markets which supply high-definition television through
(Web TV) to consumers in China.
The worldwide set top box, dedicated device, market was $8.7 billion
in 2011 and is expected to reach more than $15 billion by 2018, as
next generation gateways
and cloud computing are introduced to
manage Internet connectivity to HD TV devices in the home.
China is set to represent the fastest growing set top box market in
the world as major manufactures of set top box devices have set a
target of moving from
terrestrial television to digital cable
transmission in China by 2015.
It is anticipated that China's Internet population will hit 718
million by 2013, accounting for 52.7 percent of the total
population.China has a gross
online user base of as of July 2012
of 538 million internet users. Chinese
Internet users spent an
average of 18.7 hours online per week through out 2011
the ever increasing demand for access to on-line content
entertainment programming from a single dedicated device.
iMing plans to take part in this explosive market
opportunity by offing
consumers an affordable Set-Top Box that
targets both the massive domestic
market of Internet Users as well
as the CATV users who have access to the internet by providing a
cost effective means of access to television, sports,
and full length movies on-line through the company's HD set top box
ABOUT THE COMPANY
iMing Corp is positioning its self to be a leading technology
of set-top boxes (STB) which supplies
high-definition television through the Web (Web TV) in China, with
the goal of being a leading provider of set-top boxes
Asia and expanding into North America and Europe. The iMing's
Set-Top Box can play source files from USB, SD/MMC card, SATA
or an internal
2.5"storage installed into the Web TV Box. By
supporting the latest format
1080P Full HD decoding, SPDIF.7.1.DTS
decoding and HDMI 1.3, the iMing Web TV Box brings superior
quality and flexibility to consumers home entertainment
The technology used by iMing makes its productive competitive
the other industry players such as Google TV, WDTV, Apple
TV, Roku and Boxee
For further information please refer to the Company's
website at www.imingcorp.com
If you would like to receive regular updates on iMing Corp.
please send your
email request to email@example.com or contact the
company's Investor and Public
relations at firstname.lastname@example.org.
SAFE HARBOR STATEMENT
Certain of the statements set forth in this press release
constitute "forward-looking statements." Forward-looking statements
include, without limitation, any statement that may predict,
forecast, indicate, or imply future results,
achievements, and may contain the words "estimate,"
"intend," "forecast," "anticipate," "plan,"
"planning," "expect," "believe,"
"will likely," "should," "could,"
"would," "may" or words or expressions of similar meaning. Such
statements are not guarantees of future performance and are
subject to risks and uncertainties that could cause the company's
results and financial position to differ materially from
those included within
the forward-looking statements.
Forward-looking statements involve risks and uncertainties,
including those relating to the Company's ability to grow its
business. Actual results may differ materially from the results
predicted and reported results should not be considered as
an indication of future
performance. The potential risks and
uncertainties include, among others, the Company's limited financial
resources, domestic or global economic conditions -- especially
those relating to China, activities of competitors and the
of new or additional competition, and changes in
Federal or State laws,
restrictions and regulations on doing
business in a foreign country, in particular China, and
conditions of equity markets. The Company disclaims any obligation
subsequently to revise any forward-looking statements to
events or circumstances after the date of such statement
or to reflect the occurrence of anticipated or unanticipated events.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
that: (i) the releases contained herein are protected by copyright and
other applicable laws; and (ii) they are solely responsible for
the content, accuracy and originality of the information
Source: iMing Corp. via Thomson Reuters ONE [HUG#1662220]
SOURCE: iMing Corp.
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